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TNB posts net income of $4.43 million at the end of 2014

2015-02-15

According to The National Bank TNB’s data for year-end preliminary financial statements for year 2014, net profit after tax reached 4,438,380 USD, compared with a net profit after tax of 3,600,243 USD in the audited data for 2013, a net increase of 23.3%. Total assets of the company reached 679,908,084 USD as of December 31st , 2014, compared to total assets of 529,598,977 USD as of December 31st, 2013, a net increase of 28.4%. Total liabilities of the company reached 599,897,552 USD as of December 31st , 2014, compared to total liabilities of 474,632,959 USD as of December 31st, 2013, a net increase of 26.4%. Net ownership equity of the company reached 80,010,532 USD as of December 31st , 2014, compared with a net ownership equity of 54,966,018 USD as of December 31st , 2013, a net increase of 45.6%. Furthermore, paid-in capital increased from 49,881,953 USD on December 31st , 2013 to 70,968,206 USD by December 31st , 2014, an increase of 42.3%.